Embraer (EMB) 3Q25 Highlights

• Financial Performance: 3Q25 Revenue: US$2.0B (+18% yoy, record Q3). Adjusted EBIT Margin: 8.6%.
• Operations: Delivered 62 aircraft. Backlog reached an all-time high of US$31.3B (+38% yoy).
• Guidance: 2025 Guidance reiterated (Revenue \(7.0-\)7.5B; FCF \(\ge\) $200M).
• Critical Development: S&P upgraded credit rating to “BBB” (2 notches above Investment Grade). Outlooks from Fitch/Moody’s also revised positive.
• Liquidity/Debt: Adjusted FCF (w/o Eve) of $300.3M, supporting strong liquidity. Management actively